RISE offers a platform for Decentralized Distributed applications, Smart Contracts and Side-chain/token asset creation, powered by a DPoS blockchain.
Project Overview.
Though relatively new, Cryptocurrencies are becoming an alternate method of currency and are gaining in popularity quite rapidly. There could be some controversies surrounding such methods of payments but that has not stopped its robust growth over the past many years. This is a form of money that has been specially designed to make the best use of the architecture of internet. It does not rely on any standard or conventional financial institution to verify and guarantee transactions. Instead each cryptocurrency transactions are checked and confirmed with the help of the computer technology and that too amongst users in the currency networks. The computer systems that verify the transactions get as reward a small amount of currency. This process is referred to as mining and this how new currencies are produced as far cryptocurrencies are concerned. The process of mining works differently for different currencies.
What Is Rise?
Amongst the many such cryptocurrencies, Rise is one that has gained quite a bit of popularity over the past few years. Its popularity is quite uniform across the entire world. It is a new cryptocurrency and the growth story has been quite good. There are plans to make this cryptocurrency and its applications accessible to one and all. As is the case with other cryptocurrencies, this one too can be mined. There are number of rise platforms that are readily available on the internet. There are user-friendly web interfaces which support a number of devices including computer and smart phones. Hence it is possible for customers to invest in the cryptocurrency using a decentralized and customer friendly user interface.
Why It Holds Out A Lot Of Promise.
It would be pertinent to mention here that growth story of this cryptocurrency is quite interesting. It has been the result of lot of research and the currency has not come into being overnight. It is available in a platform that helps you with different types of tools to manage this specific cryptocurrency. It also allows you to even manage your private investments with the help of this cryptocurrency. According to end users and also experts who know cryptocurrencies well believe that over a period of time it could become one of the best platforms for managing the various cryptocurrencies and that too in one single location or place. It could also be used for other day to day buying and selling activities. This could include paying of different types of bills that are used for daily needs and also for purchase of new property and other assets. Further this cryptocurrency also allows people to invest in real estate and also make profits out of it. There are experts who believe that this is just the beginning and many more applications will be unfurled and opened to use of the general public in the months and years to come.
It Could Be A Multi Purpose Currency.
If you are on the lookout for the right cryptocurrency that could be used almost everywhere, then this could be the best option. It can be used like any other traditional and conventional fiat currency. You could perhaps use Rise in different types of markets. You could buy food, pay all types of bills. Hence there are scores of people who believe that this could be the currency that one has been on the lookout for. It could add a lot of convenience to people from different walks of life.
The Best Of Community Involvement.
The growth story of this cryptocurrency could be attributed to a number of reasons. Along with developers the role of the community also has been significant as far as the development of this new cryptocurrency platform is concerned. It has contributed in more ways than one. It has voted for the various features that were required for the creation of this cryptocurrency. Further, since this is just the beginning there are reasons to believe that going forward the community will also play a big role in the widespread use and re-launch of this new form of cryptocurrency.
It Offers Both Physical And Digital Options.
It would be pertinent to mention here that Rise could also be unique because of one more reason. Unlike many other cryptocurrencies which are available only in the digital form, this cryptocurrency is being made available in both the physical and digital form. Hence there are reasons to believe that over a period of time this currency could reduce or even remove the gap between virtual and physical currencies. The day may not be far off when it might be possible to pay for physical goods and services using this form of currency.
Pros.
- The growth story of this cryptocurrency has been excellent to say the least.
- It is currency which over the years might be able to bridge the gap between virtual and physical currencies.
- It has some of the best safety features and options.
- It is a form of cryptocurrency that can be used almost everywhere.
- It could become a commonly used medium of exchange and could help in paying off daily bills and purchase of other essential items.
- It could also be used for buying and selling of property and the day may not be far off when it could be used for making transactions in the share and stock markets.
Cons.
- People still are skeptical with the entire concept of cryptocurrency.
- The absence of a government sponsored monitoring authority could be a grey area.
- The concept of mining of cryptocurrencies is still quite confusing and the man on the street has practically no idea about it.
The Final Word.
There is no doubt that this new form of crypto currency has evinced quite a bit of interest and has also started generated a lot of excitement and expectations amongst thousands of people. It is a currency which can be used almost everywhere and therefore one can be sure that it will grow in use and popularity quite regularly over the next few months and years. However, there are still thousands who do not have too much knowledge and faith in cryptocurrencies. The onus lies on the industry as a whole to educate customers and make it more customer friendly before it can move to the next line of success.
